How To Apply Online for the BISP Bachat Scheme: Get 40% Extra
The BISP Bachat Scheme is a social welfare program in Pakistan designed to encourage saving among low-income families. By participating, eligible individuals can receive financial assistance from the Benazir Income Support Program (BISP) along with a bonus incentive for consistent saving. This note outlines the steps for applying online and maximizing the 40% additional benefit.
How To Apply Online for the BISP Bachat Scheme? | Get 40% Extra Payment
How To Apply Online for the BISP Bachat Scheme? | Get 40% Extra Payment
Important Points Before You Apply:
- Eligibility: The BISP Bachat Scheme targets low-income families registered with BISP under the Benazir Kafalat program.
- Savings Requirement: Consistent monthly deposits are necessary to qualify for the bonus.
- Bonus Details: The program offers a 40% bonus on your deposited amount, calculated at the end of the saving cycle (usually 12 months).
What You'll Need:
- CNIC (Computerized National Identity Card): Your valid CNIC number is essential for registration.
- Active Mobile Phone: A registered mobile phone number is required to receive updates and verification codes.
- Internet Connection: A stable internet connection is needed to access the online portal.
Steps to Apply Online:
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Visit the BISP Website: Open a web browser and navigate to the official BISP web portal. You can find information about the program on the Ehsaas Program website (https://8171.bisp.gov.pk/).
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Registration (if not already registered): If you're not already registered with BISP, locate the registration section and follow the on-screen instructions. This will likely involve providing your CNIC information, personal details, and contact information.
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Login: Once registered or if you're an existing user, locate the login section and enter your CNIC number and a chosen password.
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BISP Bachat Scheme Selection: After logging in, navigate to the section dedicated to the BISP Bachat Scheme. Look for options like "Apply Now" or "Register for Bachat Scheme."
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CNIC Verification: The system will prompt you to enter your CNIC number again. You might also receive a one-time verification code on your registered mobile phone for additional security.
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Review Program Details: Carefully read through the program information displayed on the screen. This will include details on eligibility criteria, saving targets, bonus structure, and terms & conditions.
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Nomination (Optional): The program might allow you to nominate a beneficiary in case of unforeseen circumstances. This step is optional, but consider it if you wish.
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Account Selection: Choose the bank account where you'll be making your monthly deposits and receiving the final payout with the bonus. Ensure the account is in your name and linked to your CNIC.
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Review and Submit: Double-check all the information you've entered, including your CNIC number, chosen bank account, and any nominated beneficiary details. Once satisfied, submit the application electronically.
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Confirmation: The system will provide a confirmation message or reference number upon successful application submission. Keep a note of this reference number for future reference.
Maximizing the 40% Bonus:
- Consistent Saving: The key to maximizing the bonus is maintaining consistent monthly deposits throughout the program cycle. Aim to deposit the required amount on time each month.
- Deposit Amount: While the minimum deposit might qualify you for the program, consider maximizing your deposits if financially feasible. This will lead to a larger bonus amount at the end.
- Program Cycle Completion: Ensure you complete the entire program cycle as outlined by BISP. Early withdrawal might lead to forfeiture of the bonus.
Additional Tips:
- Official Sources: Always rely on official BISP communication channels for program updates and avoid third-party websites or agents.
- Customer Support: If you encounter any difficulties during the application process, contact the BISP helpline or visit their designated facilitation centers for assistance.
- Data Security: Be cautious while entering your personal information online. Ensure you're on the official BISP website and avoid sharing your CNIC details or login credentials on unverified platforms.
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